Home Mortgage Disclosure Act (HMDA) (Pronounced hum-da).
A Federal statute that requires most lenders in metropolitan areas to collect data about their housing-related lending activity. Lenders must file annual reports with their Federal supervisory agencies and make disclosures available to the public regarding their origination of housing-related loans. The reports cover loan originations, applications that are declined or withdrawn, and loan purchases. The data is used to evaluate possible discrimination in loan approvals. The Federal Reserve Board of Governors has adopted Regulation C to implement this statute. The information collection requirements were expanded in 2004.
See loan application register. American Banker Glossary

Financial and business terms. 2012.

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